The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a fine of EUR 70,000 against Compass Gruppe GmbH as a legal person for the delayed notification about its exceeding the 4% threshold for holdings in relation to shares of an issuer. The undertaking omitted to notify the exceeding of the participation threshold in a timely manner to the FMA, the exchange operating company as well as the issuer (CLEEN Energy AG). The penal order is not final.
Update 01.12.2021:
Compass Gruppe GmbH has submitted an appeal against the FMA’s penal order to the Federal Administrative Count (BVwG; Bundesverwaltungsgericht).
Update 01.03.2023:
The Federal Administrative Court confirmed the FMA’s penal order dated 13.10.2021. The orderly final right of appeal was declared not to be permissible. The penal order is legally final.
Update 08.01.2026:
The Supreme Administrative Court rejected the extraordinary right of appeal due to there not being any legal issue of fundamental importance.